Table 1. Unit Labor Requirements Vietnam Indonesia Coffee 70 40 Tea 50 125 Vietnam has an absolute advantage in a. Coffee only. b. Tea only. c. Neither coffee nor tea. d. Both coffee and tea.
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Table 1. Unit Labor Requirements
|
Vietnam |
Indonesia |
|
|
Coffee |
70 |
40 |
|
Tea |
50 |
125 |
Vietnam has an
a.
Coffee only.
b.
Tea only.
c.
Neither coffee nor tea.
d.
Both coffee and tea.
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- 11 A trader has an absolute advantage in orange production if his unit-labor requirement in oranges is _____ and his labor productivity is _____ A. lower; higher B. higher; lower C. lower; lower D. higher; higher E. moderate; moderateCountry JKL has a maximum of 50 labour(hours). The tab shows maximum quantity of wheat and cotton the Country produce with different labour (hours) used. Combination A B C D E F Corn 15 14 12 9 5 0 Wheat 0 2 4 6 8 10 A) If Country JKL produces 8,000 kg of wheat and 5,000 kg cotton a week, does it face trade-off? Why? B) Suppose Country JKL has successfully brought in an adv technology that improves the production of cotton by 20% from its original combinations. Sketch a diagram that shows the changes of the PPC for Country JKLAn ourward shift of the production possibility frontier maybe caused by: A. An increase in demand at lower market prices B. Less government soendung C. Better trainingvof employees which resulted in increased productivity D. Productive inefficiency as a result of inadequate factory machine
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